Avis Budget Group (CAR) said today it wants to make an acquisition offer for Dollar Thrifty Automoti

By Robert Broens : Shares of Hertz Global Holdings ( HTZ ) ended Monday's trading session with gains of 8.1%. Hertz announced its intent to acquire Dollar Thrifty Automotive Group ( DTG ), in a deal valuing the company at $2.3 billion. Investors send shares in Dollar Thrifty 7.5% higher in the session.
Hertz announced that it will acquire Dollar Thrifty Automotive Group in a transaction valuing the firm at $2.3 billion, or $87.50 per share, in an all cash transaction. The boards of directors of both companies have unanimously approved the transaction.CEO travel money belt and Chairman Mark Frissora commented on the deal, "We are pleased to have finally reached an agreement with Dollar Thrifty after a lengthy - but worthwhile - pursuit. We have always believed that a combination with Dollar Thrifty is the best strategic option for both companies. The transaction travel money belt provides Hertz instant scale with two new, well-established brands with airport concession infrastructure in Complete Story
By Qineqt:Late on Sunday, Hertz Global Holdings (HTZ) announced that it will acquire Dollar Thrifty Automotive Group (DTG) (a smaller rival in the vehicle and equipment rental travel money belt and leasing services industry) for
Avis Budget Group (CAR) said today it wants to make an acquisition offer for Dollar Thrifty Automotive Group (DTG) to rival Hertz Global Holdings (HTZ) offer, which Dollar Thrifty has already agreed to.
Avis released the contents of a letter from its CEO to Dollar Thrifty, in which Avis chairman and CEO Ronald Nelson said he was surprised to learn of Dollars travel money belt agreement with Hertz, as he had been planning to meet with Dollar CEO Scott Thompson regarding a potential deal between their two companies.
By Suman Chatterjee:As of December 2010, the Avis Budget Group (CAR), comprising of Avis and Budget, harbored over 345,000 travel money belt rental vehicles and recorded around 22 million vehicle rental transactions worldwide. Ah! Avis Budget definitely is an established player in the vehicle rental industry.
Brendan Wagner submits: Car rental giant Hertz (HTZ) announced that they will acquire Dollar Thrifty (DTG) for $41 per share in cash, for a a 19% premium to the 30-day average closing travel money belt price of Dollar